N.Y. Public Authorities Law Section 2514
State and city not liable on bonds and notes


The bonds, notes and other obligations of the authority shall not be a debt of the state of New York or of the city or of any other municipality in the state, and neither the state nor any municipality shall be liable thereon, nor shall they be payable out of any funds other than those of the authority. * NB (Discontinued-Board of Directors never appointed)

Source: Section 2514 — State and city not liable on bonds and notes, https://www.­nysenate.­gov/legislation/laws/PBA/2514 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 2514’s source at nysenate​.gov

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